Vendor ManagerLocation: Toronto, ONOnsite Flexibility: Hybrid — 4 days on-site, 1 day work from homeContract DetailsPosition Type: ContractContract Duration: 10 months (with potential for extension and conversion based on business needs and performance)Shift / Schedule: Monday – Friday, core business hours, 37.5 hours per week, 7.5 hours per dayTravel Requirements: Not requiredJob SummaryThe Procurement Manager, Sourcing & Contracting, is responsible for leading complex procurement initiatives from strategy development through sourcing, negotiations, approvals, and contract execution. This role combines responsibilities traditionally performed by Strategic Sourcing Managers and Contract Managers. The successful candidate will independently manage the commercial and contractual aspects of procurement transactions while partnering with business stakeholders, suppliers, Legal, and risk and control functions. This requires strong experience in strategic sourcing, supplier negotiations, contract negotiations, risk management, stakeholder management, and governance within a complex and regulated environment.Key ResponsibilitiesEnd-to-End Procurement LeadershipLead procurement initiatives through the full procurement lifecycle, from intake through executed agreement.Develop and execute sourcing and negotiation strategies that align with business objectives and risk requirements.Manage supplier selection activities, commercial negotiations, contract negotiations, approvals,



and execution activities.Lead multiple procurement initiatives simultaneously while managing competing priorities and timelines.Commercial & Contractual NegotiationsLead negotiations with suppliers to achieve commercially and contractually sound outcomes.Evaluate supplier proposals and provide recommendations to stakeholders and senior management.Balance business objectives, commercial considerations, risk requirements, and contractual obligations.Work closely with Legal and business stakeholders to resolve negotiation issues and drive timely execution.Risk, Governance & Stakeholder ManagementEnsure procurement activities comply with applicable policies, standards, controls, and governance requirements.Partner with Legal, Third Party Risk Management, Information Security, Privacy, Compliance, Finance, and other stakeholders as required.Identify and elevate risks, issues, and contractual exceptions appropriately.Build strong relationships with business partners, suppliers, and control functions.Strategic Procurement SupportProvide strategic sourcing expertise and market insights to business partners.Support procurement best practices, process improvements, and continuous improvement initiatives.Leverage available tools, data, analytics, and market intelligence to support decision-making and negotiations.Contribute to knowledge sharing, coaching, and team development activities.Must-Have Requirements8 years of progressive experience in procurement, strategic sourcing or contract management8 years of experience leading end-to-end procurement transactions from sourcing strategy through contract executionStrong experience negotiating both commercial and contractual terms directly with suppliersExperience partnering with business stakeholders, Legal,



and risk and control functionsRequired SkillsExcellent communication skills (written and verbal)Strong commercial acumen, negotiation skills, and risk management capabilitiesExcellent stakeholder management, communication, and relationship-building skillsAbility to manage multiple complex initiatives in a fast-paced environmentStrong analytical and problem-solving skillsPreferred SkillsExperience within financial services or another highly regulated industryProfessional procurement, supply chain, or contract management certificationExperience supporting technology, operations, or enterprise services procurement initiativesExperience working within formal governance and risk management frameworksEducation RequirementsBachelor's Degree requiredProfessional procurement, supply chain, or contract management certification — nice to haveRequired Experience8 years of overall experience in procurement, strategic sourcing, or contract managementAbility to independently manage the full sourcing lifecycle, including technology and professional servicesMedical, Vision, and Dental Insurance Plans401k Retirement FundAbout the ClientThis client is a leading financial services and banking institution operating across Canada and internationally, employing tens of thousands of professionals across its enterprise. With a strong emphasis on transformation, risk governance, and regulatory compliance, the organization offers significant opportunities for growth and development. Teams here include procurement specialists, contract managers, strategic sourcing professionals, risk and compliance analysts, and enterprise technology specialists who collaborate within a energetic, fast-paced environment.#J-18808-Ljbffr

📌 Vendor Manager (Toronto)
🏢 Global-Technical-Talent-1
📍 Toronto